I think that in my last post, I prematurely wrote about taking a break from the property search. Yes, this has been a stressful time. While the feeling was genuine, it isn't a true reflection of where I am in the process. I have been in this property search for sometime now and at this stage, I'm almost desperate to get to closing. I'm tired of attending open houses. I'm tired of putting my search criteria in Streeteasy and Trulia and somehow hoping that the results will be different. Though I was reluctant to search for yet another mortgage lender, I had to do just that. It had all happened out of my curiosity and frustration that I walked into a bank and asked to speak to a loan officer. It was free and didn't require a commitment. I told the loan officer about my concerns and the trials of the last several months. Then I asked about the cooperative that I made the offer on. And to my surprise he knew it well. He had just close on an apartment in that building the day before. In fact they have also closed on other apartments in that building going back several months. After speaking to my attorney, I made the decision to switch lenders. So where are we now? We are moving rather slowly. My attorney is drafting a contract and going over the cooperative financial statements. Wish me luck.
When I started this blog a year ago, I was in contract on a two bedroom cooperative in Brooklyn, NY. I was very enthusiastic about getting the property and I started planning my design strategies. A year later after being denied by the coop board for the property, I have taken a bit of a break from my home search. I will still update the blog from time to time. However, I am less enthusiastic about the property search and haven't really seen a coop that grabs my attention like that first apartment did. There are certain things that I do not want to compromise on such as location, price and bedroom space. I haven't become a homeowner just yet but I haven't lost all hope of that happening. It just may take a longer time and I'm ok with that.
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